Shoppers Stop Ltd. is the nation’s leading premier retailer of fashion and beauty brands established in 1991. It has 800+ Brands under its portfolio and 271 Stores spread across 50 cities in India as of 31st Dec 2022.
Q3 FY26 Earnings Results (Standalone)
- Revenue from Operations: ₹1,320.85 crore, up 0.7% YoY from ₹1,311.46 crore in Q3 FY25.
- Total Income: ₹1,439.77 crore, up 2.7% YoY.
- Total Expenses: ₹1,402.39 crore, up 5.5% YoY.
- Profit After Tax (PAT): ₹12.61 crore, down 74.1% YoY from ₹48.78 crore in Q3 FY25.
- PAT margin: ~1.0% vs ~3.7% in Q3 FY25.
Q3 FY26 Earnings Results
- Revenue from Operations: ₹1,415.82 crore, up 2.6% YoY from ₹1,379.47 crore in Q3 FY25.
- Net Profit: ₹16.12 crore, down 69.1% YoY from ₹52.23 crore in Q3 FY25.
- GAAP EBITDA: ₹234 crore vs ₹262 crore in Q3 FY25.
- Non‑GAAP EBITDA: ₹70 crore, down 36% YoY.
- GAAP gross margin: 39.4% vs 40.7% in Q3 FY25.
- 9M FY26 (Standalone):
- Revenue from Operations: ₹3,590.35 crore, up 5.2% YoY from ₹3,413.26 crore.
- Net Loss: ₹27.96 crore vs profit ₹4.27 crore in 9M FY25.
- Total Income: ₹3,633.72 crore, up 5.4% YoY.
Management Commentary & Strategic Decisions – Q3 FY26
- MD & CEO Kavindra Mishra noted that Q3 was impacted by external factors such as festival calendar shifts and uneven consumption trends, which weighed on sales, but the company continued steady progress on strategic priorities.
- During Q3 FY26, Shoppers Stop opened 3 department stores, 3 INTUNE stores and 1 HomeStop store, continuing its store expansion strategy despite profitability pressures.
- Premium portfolio performance remains a bright spot, with management focusing on premiumisation, omni‑channel expansion and private labels to improve margins over time.
Q2 FY26 Earnings Results (Standalone)
- Revenue from Operations: ₹1,175.3 crore, up 10.0% YoY from ₹1,067 crore in Q2 FY25 and up 8.2% QoQ from ₹1,092 crore in Q1 FY26.
- Total Income: ₹1,256 crore, up 13% YoY.
- Net Loss: ₹20.1 crore vs ₹20.5 crore in Q2 FY25 (marginal narrowing).
- Gross Margin: 39.2% vs 39.9% in Q2 FY25.
- Average Transaction Value (ATV): ₹5,109, up 8% YoY.
- Private Brand Revenue: ₹161 crore (13% of total revenue; 17% of apparel revenue).
Management Commentary & Strategic Directions – Q2 FY26
- Management highlighted sustained revenue growth and customer entry growth of 6% YoY, driven by premiumisation and private labels, despite macroeconomic challenges and elevated costs.
- Store expansion continued, with focus on INTUNE (value format), HomeStop and premium department stores to balance portfolio and capture diverse consumer segments.
- Emphasis on omni‑channel strategy, digital engagement and cost optimisation to improve profitability in subsequent quarters.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.